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Cosco Shipyard bags $370m FPSO order

Cosco Shipyard bags $370m FPSO order
Nantong: Continuing its move into offshore Cosco Nantong Shipyard has bagged a $370m FPSO order.

Majority shareholder Cosco Corp said the order for the FPSO came from an undisclosed European owner and is schedule for delivery in June 2015.

The FPSO will be 78 m in diameter and have a capacity to store up to 400,000 barrels of oil.

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